PANews reported on May 30 that Federal Reserve Chair Janet Bowman wrote an article systematically outlining her "practical monetary policy decision-making framework," emphasizing that the Fed must revolve around the dual mandate of maximizing employment and maintaining price stability when formulating interest rate policy. She pointed out that the Fed primarily adjusts financial conditions through the federal funds rate, thereby influencing consumption, investment, and the path of inflation. Bowman stated that her decision-making framework focuses on indicators such as GDP structure, the labor market (unemployment rate and wages), and PCE and core PCE inflation, while also incorporating feedback from businesses and the market to reduce the risk of policy misjudgments caused by "lagging data."

Bowman argues that a more "flexible" balancing approach should be adopted when inflation and employment goals may conflict, rather than prioritizing one over the other. He believes that it is important to "see through the noise" when identifying "temporary inflation shocks," but also to be wary of the secondary impact of the ongoing conflict on inflation expectations. He reiterates that policy must remain transparent and consistent to maintain the Fed's credibility and policy effectiveness.